A UK build-to-rent joint venture of Apache Capital and KKR has secured £157 mln (€184 mln) in debt funding to finance the construction of Moda Living’s build-to-rent (‘BTR’) neighbourhood in Brighton and Hove in the UK.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
